5 Minutes Podcast with Ricardo Vargas
Business:Careers
Ricardo talks about the predictions we make for our projects and initiatives in this week's episode. He explains that we frequently have an illusion of control and that the perception of future reality is significantly more complicated than reality itself. Professor Philip Tetlock found that only 45 percent of almost 30,000 predictions made by various professionals were accurate. This means that the probability of a miss is equal to the probability of a hit, much like flipping a coin.
Ricardo also gives tips on how to deal with these forecasts. First, it is essential to view them as perspectives, not absolute truths. Second, it is necessary to evaluate the potential impacts of each scenario on the project or initiative if the forecast or risk materializes. Diversification is an essential additional strategy because it creates an adaptation tool that enables us to adjust to various scenarios.
Listen to the podcast to know more.
My Golden Rule of 5-80% to Improve The Work with Generative AI
Understanding Minimax Strategy in Project Decisions Under Uncertainty
Zombie Projects: Why They Exist and How to Kill Them
Why Do We Need to Learn How to Swallow the Fish if We Want to Deliver Successful Projects?
Will Project Management Offices (PMO) Survive in the Age of AI?
What Can Be Learned from the Tragedy of Titan Submersible?
Self-Reflection on Burnout: Five Proactive Strategies for Personal Resilience
3 Quick Tips to Use ChatGPT in Your Projects
4 Ways to Improve The Relationship With Your Boss
Occam's Razor: The Power of Simplicity in Project Management
The Cobra Effect: Unraveling Second-Order Consequences
Is there Something to Learn from Bayes' Theorem That Will Change Your Perceptions of Risks?
Is the Future of Artificial Intelligence the Future We Want for Us?
Three Strategies for Improving Your Remote Work
How Gamification Can Maximize the Results of your Project
Three Uses of AI that can Bring Agile Development to the Next Level
Mental Liquidity and Our Ability to Change
360 New AI Applications in the past 7 Days: I Hope This Does Not Hurt Agile Approaches
Little’s Law Application in Project Management
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Reaching your Goals
Insights@work
Business Dad
The Ken Coleman Show
The Cardone Zone